businesses compared to prior to the merger or compared to the contemporaneous lending by non-merging banks. We investigate the … merger related effects on small business lending in Germany from a bank-level perspective. Furthermore, we estimate small …

results indicate that, relative to counties where the acquirer had operations before the merger, local SBL declined … significantly more in counties where only the target had operations before the merger. This result holds even after controlling for … funding to local small businesses. The absence of local community banks that became a target of a merger or acquisition by …

Using a sample of 3,964 bank mergers during the 1999-2016 period, we examine the differential effects of merger and … activity post-merger corroborate our county-level results. Post-merger lending by local competitor banks decreases in mergers …

and industry merger and acquisition activity. All of these effects are stronger for smaller firms than for larger firms …

pathways over a period of eight years after business takeover. Using panel data from 1,872 firms, the present article shows … that for the first two years after a business takeover, small firms are subject to negative serial correlation of growth … the behaviour of a firm following a business takeover. …